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readme.txt file for article: Wellhausen & Zhu, "Exiting Russia," APSR
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All data analyses in this article were carried out using Stata/SE 18 or R (version 4.5.2) for Mac  

Table of Contents:
A. Data files
B. Regression results files
C. Stata .do file
D. R script file
E. Codebooks 


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A. Data files:

1. master_exit_russia.dta
% This is the master data set to produce Table 4 and Figures 1 and 3 in the main text and 
Tables 12.13--12.22 and Figures 1.1, 1.2, 3.4-3.7, 4.8-4.10, 8.13, 9.14


2. placebo_exit_russia_2020-21.dta
% This is the data set to produce results for the placebo tests (Table 11.10) in the appendix and
Figure 4.8-4.10 in the appendix.


3. placebo_exit_russia_2013-14.dta
% This is the data set to produce results for the placebo tests (Table 11.11) in the appendix and
Figure 4.8-4.10 in the appendix.


4. firms_orbis_vs_fts_2021.dta
% to produce Figure 8.12 in the appendix.

5. exit_2007_2021.dta
% to produce Figure 2 in the main text.

6. owner_missingness.dta
% to produce Figure 8.11 in the appendix.


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B. Regression Results files:

1. regcoef_mlogit.dta
% to produce Figure 4 in the main text.

1. regcoef_friendly.dta
% to produce Figure 12.15 in the appendix.

2. regcoef_unfriendly.dta
% to produce Figure 12.15 in the appendix.

3. regcoef_small.dta
% to produce Figure 12.16 in the appendix.

4. regcoef_medium.dta
% to produce Figure 12.16 in the appendix.

5. regcoef_large.dta
% to produce Figure 12.16 in the appendix.

6. regcoef_verylarge.dta
% to produce Figure 12.16 in the appendix.


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C. Stata .do file:

1. ExitRussia_Regressions_APSRreplication.do
This document includes the Stata syntax for all analyses reported in the main text and appendix.


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D. R script file:

1. ExitRussia_Figures_APSRreplication.R
This document includes the R script to create all figures reported in the main text and appendix.


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E. Codebook

1. codebook.pdf for variables in the Stata data files (master_exit_russia.dta, placebo_exit_russia_2020-21.dta, and placebo_exit_russia_2013-14.dta).

For the ease of the reader, coding rules and variable documentation are incorporated into the Online Appendix. Here is the excerpt from the Appendix Table of Contents with Appendix page numbers at which to find information of interest.

1 Russia’s “Unfriendly Countries” List 3

2 Changes in Russia’s official policy pertaining to FDI 6

3 “Name, Praise, and Shame” Lists 9

4 Pre-invasion sample in historical context 15

5 Guidance from home state leaders 17

6 Russian strategic industries 18

7 Orbis data: Querying, processing, and additional information 20
7.1 Russian reporting interruption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
7.2 Selection into pre-invasion sample . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
7.3 Coding exit: Additional information . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
7.4 Coding nationality: Additional information . . . . . . . . . . . . . . . . . . . . . . . . 23
7.5 Coding observations linked to Russian expropriation in study period . . . . . . . . . . 24

8 Orbis data: Coverage and representativeness 26
8.1 Study period v. historical data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
8.2 Considerations regarding missing ownership information and exit . . . . . . . . . . . . 26
8.3 Representativeness for Russia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
8.4 Considerations regarding coding re-entry . . . . . . . . . . . . . . . . . . . . . . . . . . 30

9 Control variables: Definitions and coding 31
9.1 Variables from Orbis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
9.2 Tax havens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
9.3 Russian economic treaties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33



